KARACHI: Retail payments through digital channels grew 9 per cent in volume to 1,699 million transactions valuing Rs36 trillion in the first quarter (July-September) of FY25, reported the State Bank of Pakistan (SBP) on Friday. In its Quarterly Payment Systems Review for Q1FY25, the SBP said the overall retail payment... read full story
"Mobile banking apps provided by banks, MFBs, BBs and EMIs played a pivotal role in this growth, with 1,301 million transactions amounting to Rs19tr being carried out through these apps during the quarter, reflecting an 11pc rise in volume and 14pc in value,"